INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and approximate fair values of available for sale securities

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses			Fair Value
June 30, 2015:
U.S. government and agencies	$	14,331,225	$	56,785	$	(141,419	)	$	14,246,591
Mortgage-backed securities (government-sponsored enterprises - residential)		32,930,384		269,192		(173,123	)		33,026,453
Municipal bonds		41,946,821		1,038,657		(678,812	)		42,306,666
	$	89,208,430	$	1,364,634	$	(993,354	)	$	89,579,710
December 31, 2014:
U.S. government and agencies	$	10,031,683	$	65,328	$	(138,738	)	$	9,958,273
Mortgage-backed securities (government-sponsored enterprises - residential)		41,196,695		433,757		(210,531	)		41,419,921
Municipal bonds		44,378,515		1,457,977		(529,789	)		45,306,703
	$	95,606,893	$	1,957,062	$	(879,058	)	$	96,684,897

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturities

	Amortized		Fair
	Cost		Value
Within one year	$	735,583	$	747,423
More than one year to five years		8,622,028		8,866,964
More than five years to ten years		29,558,368		29,645,684
After ten years		17,362,067		17,293,186
		56,278,046		56,553,257
Mortgage-backed securities (government-sponsored enterprises - residential)		32,930,384		33,026,453
	$	89,208,430	$	89,579,710

Schedule of gross unrealized losses and fair value in continuous loss position

	Less Than Twelve Months					Twelve Months or More					Total
		Gross					Gross					Gross
		Unrealized			Fair		Unrealized			Fair		Unrealized			Fair
		Losses			Value		Losses			Value		Losses			Value
June 30, 2015:
U.S. government agencies	$	(87,768	)	$	8,298,175	$	(53,651	)	$	1,899,079	$	(141,419	)	$	10,197,254
Mortgage-backed securities (government sponsored enterprises - residential)		(71,731	)		7,700,622		(101,392	)		5,075,468		(173,123	)		12,776,090
Municipal bonds		(295,658	)		11,377,689		(383,154	)		6,374,194	$	(678,812	)	$	17,751,883
Total	$	(455,157	)	$	27,376,486	$	(538,197	)	$	13,348,741	$	(993,354	)	$	40,725,227
December 31, 2014:
U.S. government agencies	$	(28,208	)	$	2,955,829	$	(110,530	)	$	3,949,940	$	(138,738	)	$	6,905,769
Mortgage-backed securities (government sponsored enterprises - residential)		(13,358	)		2,061,203		(197,173	)		13,725,099		(210,531	)		15,786,302
Municipal bonds		(44,654	)		3,953,168		(485,135	)		13,942,169		(529,789	)		17,895,337
Total	$	(86,220	)	$	8,970,200	$	(792,838	)	$	31,617,208	$	(879,058	)	$	40,587,408